INTERNATIONAL BAT MET ORD - IBATF STOCK NEWS

International Battery Metals (IBATF) has appointed Marcum LLP as its new independent auditor, effective July 2, 2024, following the resignation of Crowe MacKay LLP on July 5, 2024. The change was not due to disagreements over accounting principles or practices. The company's board and audit committee approved the new appointment.

Additionally, the company will switch from International Financial Reporting Standards (IFRS) to United States Generally Accepted Accounting Principles (US GAAP) for its financial statements starting with the year ending March 31, 2024. Previous financial data will be restated to comply with US GAAP. This change aligns with the company's intentions to register its common equity under the United States Securities Exchange Act of 1934.

International Battery Metals (IBATF) has completed a significant private placement. The company issued 11,478,246 units at a price of CAD$0.76632 per unit, raising USD$6,430,772 (approx. CAD$8,796,010). Each unit includes one common share and one purchase warrant, allowing the holder to buy one common share for CAD$0.9579 within two years. Major participants were EV Metals VI and Encompass Capital Advisors A structuring fee of USD$237,500 was paid to EV Metals via 423,912 common shares. The funds will enhance the production capacity of the company's modular direct lithium extraction plant in the western US and provide general working capital. Securities from this placement are subject to a four-month hold period under Canadian law and are restricted under US law.

On May 31, 2024, International Battery Metals announced a subsequent closing of its strategic private placement. The company will issue at least 8,478,246 units at CAD$0.76632 per unit, raising approximately CAD$6,497,050 (USD$4.75 million). Each unit includes one common share and one common share purchase warrant, with warrants exercisable at CAD$0.9579 for two years. EV Metals VI , controlled by company director Jacob Warnock, will participate, and receive a structuring fee of USD$237,500 in common shares. Proceeds will fund the expansion of a lithium extraction plant in the western U.S. and general capital needs. The placement is subject to a statutory hold period of four months. The deal qualifies as a 'related party transaction' but meets exemptions under MI 61-101.

International Battery Metals has closed a strategic private placement, issuing 18,642,134 units with proceeds of USD$10,436,000. The company will use the funds for its modular direct lithium extraction plant and general working capital. EV Metals VI , a private company, received a structuring fee in connection with the placement. The company plans to complete additional private placements totaling up to USD$13,564,000. The participation of EV Metals constitutes a related party transaction. The company is focused on environmentally responsible lithium extraction methods and has patented a modular DLE plant.

International Battery Metals announces a strategic private placement financing of up to 14,338,494 units at CAD$0.784 per unit, generating USD $8.2 million (CAD $11,241,380) in gross proceeds. The company will use the funds for its modular direct lithium extraction plant and general working capital purposes. Additionally, the company plans to complete another private placement of up to USD$15.8 million. Libor Michel has ceased to be CEO, with Garry Flowers resuming as sole CEO. The company will not proceed with a previously announced private placement offering. EV Metals VI , controlled by a director of the company, will participate in the private placement. The company's direct lithium extraction technology focuses on advanced extraction of lithium chloride with minimal environmental impact.

International Battery Metals Ltd. (IBAT) signs term sheet with a significant producer of metals and minerals for deployment of modular direct lithium extraction plant, marking the first commercial direct lithium extraction operation to go online in North America.

International Battery Metals Ltd. (CSE: IBAT) successfully closed a non-brokered private placement, issuing 2,694,804 units at $0.70 per unit for aggregate proceeds of approximately USD$1.415 million. The oversubscribed placement will fund ongoing operations and general corporate expenditures. The company also addressed a related party transaction in compliance with securities laws.

International Battery Metals Ltd. (CSE: IBAT) announces second closing of private placement, issuing up to 2,475,757 units for total proceeds of up to USD $1.3 million. Will use proceeds for ongoing operations and general corporate expenditures. Also issued 431,788 common shares for services rendered and granted 378,708 common shares for signing and year-end bonuses. Related party transactions require exemptions from formal valuation and minority shareholder approval.

International Battery Metals Ltd. (IBAT) announces new Co-CEO and CFO appointments, along with a service agreement with Dennard Lascar Investor Relations.